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Enhanced Healthcare Partners Launches New Fund to Target Lower-Middle Market

September 25, 2019, 08:00 AM
Filed Under: Healthcare

Enhanced Healthcare Partners (EHP), a leading New York-based private equity firm focused on investing in middle-market healthcare businesses, announced the closing of Enhanced Healthcare Partners, L.P., raising $300 million of committed capital with access to $600 million in total equity to invest.

The Fund will invest in founder and entrepreneur-led lower middle-market healthcare businesses in North America, targeting platforms between $50 and $250 million in enterprise value in the physician services, pharma services, payor services and healthcare technology sectors. The EHP team will partner with management teams to grow healthcare platforms, leveraging their industry expertise, network and unique investment approach. The Fund represents the third fund that EHP’s partners —Malcolm Kostuchenko, Samarth Chandra and Matthew Thompson — have led together.

“We are thankful for the support from our limited partners,” said Malcolm Kostuchenko, Partner at EHP. “This closing represents an exciting chapter for the EHP team as we continue to drive a thesis-oriented healthcare investment strategy in the lower middle-market with the ability to focus on building value over the long term consistent with our overall approach and strategy.”

“We are grateful for the opportunity to continue to build on EHP’s track record,” said Matthew Thompson, Partner at EHP. “We have the honor of partnering with an extraordinary set of advisors, board members and experts to develop innovative approaches to value creation. This new fund enables us to take our investment strategy to the next level.”

Samarth Chandra, Partner at EHP added, “In sectors from medical transportation to dermatology, pharmacy to technology, EHP has proven to be a strategic partner to entrepreneurs and founders seeking to drive strategic outcomes and emerge as industry leaders.”

This milestone represents the next chapter for EHP after the team completed a recapitalization of Enhanced Equity Funds’ eight healthcare assets in 2017. Andrew M. Paul, Special Advisor to EHP and founder of Enhanced Equity Funds, commented, “I am proud of the EHP team and excited to support them in this next phase. EHP will continue to build on the strategy we started at Enhanced Equity Funds.”

Kirkland and Ellis LLP served as legal counsel for EHP.

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